Aviation

Bloomberg The coronavirus pandemic has accelerated airlines’ digital uptake as carriers look for ways to reduce human touchpoints. But that push has had another impact, too. It’s reduced cabin weight, and that can mean big cost savings. Singapore Airlines Ltd’s low-cost carrier Scoot said it’s introducing an inflight system called ScootHub that customers can access via their mobile devices to ...

Bloomberg ANA Holdings Inc will raise as much as 332.1 billion yen ($3.2 billion) via an overseas and domestic share placement as airlines around the world rush to shore up their finances amid the coronavirus pandemic. Japan’s largest carrier, whose shares have slumped 30% this year, will use the proceeds to repay long-term debt and buy Boeing 787 aircraft to ...

Bloomberg Lunar New Year may be more than two months away but one Chinese fuel supplier is already gearing up for an expected surge in air travel. China Aviation Oil (CAO) is seeking to import jet fuel for January delivery in its first buy tender since May, according to data compiled by Bloomberg. The move by CAO, one of the ...

Bloomberg Europe’s airlines will struggle more than competitors elsewhere to end losses next year as they’re held back by higher expenses and their dependence on overseas routes, according to the International Air Transport Association (IATA). The region’s carriers should achieve seat-occupancy levels averaging 63.8% for the whole of 2020, increasing to 65.6% in 2021. That’s still below the projected break-even ...

Bloomberg The coronavirus pandemic and its devastating impact on global aviation and economic growth isn’t swaying Megawide Construction Corp from its 109 billion peso ($2.3 billion) plan to upgrade Manila’s airport, the main gateway to the Philippines. The company proposed a 10-year plan to double annual capacity at the aging and overcrowded Ninoy Aquino International Airport to 65 million passengers, ...

Bloomberg Global airline lobby IATA is working on a mobile app that will help travellers demonstrate their coronavirus-free status, joining a push to introduce so-called Covid passports to speed up the revival of international travel. The Travel Pass will display test results together with proof of inoculation, as well as listing national entry rules and details on the nearest labs, ...

Bloomberg Malaysia Airlines’ parent company has sought financial aid from its sole shareholder, the nation’s sovereign wealth fund, as debt restructuring talks with creditors drag on, Reuters reports, citing an email from the company. “Malaysia Aviation Group has requested financial support from our shareholder Khazanah Nasional although the company isn’t in a position to comment on amount at this point ...

Bloomberg It’s not just Boeing Co’s 737 Max that needed repairs. The US Federal Aviation Administration (FAA), which approved what officials acknowledge was a flawed design implicated in two deadly crashes of the jetliner, found itself facing criticism from regulators around the world — a stunning turnabout for an organisation accustomed to global deference. In the wake of the disasters, ...

Bloomberg American Airlines Group Inc is stepping back from fees of as much as $750 to change tickets for international travel, largely abandoning a widely loathed charge as the company rushes to lure passengers back to its long-distance flights. Change fees will cease on flights originating in North or South America for all but the cheapest “basic economy” fares, American ...

Bloomberg The founders of troubled Mexican airline Interjet are negotiating a settlement with tax authorities in an effort to avoid potential criminal fraud charges that could be filed as soon as next month, said an official familiar with the matter. Miguel Aleman Magnani, Interjet’s chief executive officer, and his father, Chairman Miguel Aleman Velasco, could face fraud charges, as could ...